518 Ocean Avenue, Wells, ME 04090
FOR SALE

518 Ocean Avenue
Wells, ME 04090

  • 5 Beds
  • 2 Baths
  • 2,000 sqft
  • 5 Beds
  • 2 Baths
  • 2,000 sqft

$1,395,000

Est. Mortgage $8,581/mo*

Local Information

map showing home location
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-- mins to
Commute Destination
Last check for updates: about 9 hours ago
Listing courtesy of Better Homes & Gardens Real Estate/The Masiello Group, 207-468-7335
Source: Maine Listings, MLS#1583588

Description

Moody Beach! Ocean and marsh views can be yours from this surveyed lot across the street from the beach. Bring your creative ideas to the table and build your dream home or if feasible renovate the existing structure that does need extensive updating. The views as they are now are phenomenal and will only get better with your newly designed beach house or year-round property. Easy access to the sand as the pathway to beach is just a few houses away. Team up with a local builder who can guide you through the process of building or explore a potential renovation. Permits have been applied for and are on file for a new home to be-built. Building plans are also available. Fabulous opportunity to start from scratch with a brand-new home in an amazing location with views for miles! Only 10 minutes to Ogunquit Square and just 15 to the Kennebunks. Portland and Portsmouth and just minutes away. Walk the beach all the way to Ogunquit! Enjoy fine and casual dining, extensive shopping opportunities as well as summer theatre, galleries, golf and other recreation. Now is the time to start enjoying the coastal lifestyle in Maine!

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$698
Listed
No Info

Home Details for 518 Ocean Avenue

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Crawl SpaceNumber of Rooms: 8Types of Rooms: Bedroom 3, Bedroom 4, Bedroom 5, Den, Bedroom 1, Bedroom 2, Living Room, Kitchen
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2000 Square Feet
Heating & Cooling
Heating: None,Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Circuit Breakers
View
Has a ViewView: Scenic

Exterior Features

Exterior Home Features
Roof: ShingleFoundation: Concrete Perimeter, SlabNo Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageParking: 1 - 4 Spaces,Paved
Frontage
Waterfront: Ocean FrontNot on Waterfront
Water & Sewer
Sewer: Public SewerWater Body: Atlantic
Finished Area
Finished Area (above surface): 2000 Square Feet

Property Information

Year Built
Year Built: 1993
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Colonial
Building
Construction Materials: Clapboard, Wood Frame

Price & Status

Price
List Price: $1,395,000Price Per Sqft: $698

Location

Direction & Address
City: Wells

Agent Information

Listing Agent
Listing ID: 1583588

Building

Building Area
Building Area: 2000 Square Feet

Lot Information

Lot Area: 4791.6 sqft

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 1583588Attribution Contact: 207-468-7335

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Property Taxes and Assessment

Year2022
Tax$7,251
Assessment$693,170
Home facts updated by county records

Comparable Sales for 518 Ocean Avenue

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.05
Single-Family Home
$1,900,000
09/11/23
3
2
1,290
0.30
Single-Family Home
$1,050,000
07/28/23
4
3
1,929
0.23
Single-Family Home
$2,850,000
02/21/24
4
3
1,352
0.22
Single-Family Home
$699,000
11/27/23
4
1
1,060
0.12
Single-Family Home
$3,150,000
11/20/23
3
4
2,660
0.45
Single-Family Home
$1,810,000
05/30/23
4
3
2,381
0.40
Single-Family Home
$990,000
09/15/23
3
3
1,872
0.41
Single-Family Home
$977,500
06/28/23
3
2
2,387
0.47
Single-Family Home
$929,000
09/28/23
3
2
1,613
0.52
Single-Family Home
$710,000
09/25/23
3
2
1,612

What Locals Say about Wells

  • Emma W.
    "It’s not too far from everything. Other places with stores or activities are at most, 40 minutes away. Drawbacks are being in a tourism town."
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  • Betty Marineau
    "I raised my children in this neighborhood and they have lifelong friends because of it. There is something to be said for truly knowing your neighbors. They are there for you in good times and in bad."
    12
    Flag
  • Ed v.
    "I've lived in this area for 17 years. people are friendly and considerate. the area has been developing rapidly and with the influx of new residents things are changing."
    17
    Flag
  • Cswhit76
    "There is a terrific farmers market . We also do a lot of barbecuing in the summer or go to the beach and have a day long picnic."
    0
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LGBTQ Local Legal Protections

Better Homes & Gardens Real Estate/The Masiello Group
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
518 Ocean Avenue, Wells, ME 04090 is a 5 bedroom, 2 bathroom, 2,000 sqft single-family home built in 1993. This property is currently available for sale and was listed by Maine Listings on Mar 6, 2024. The MLS # for this home is MLS# 1583588.